Tag Archives: loan repayment

Should I loan money to my bankrupt son?

Recently on our legal forum a user asked, “My son filed bankruptcy last year. Even though most of his debts were discharged he’s still struggling to pay his rent and buy groceries. He asked me for a $5,000 loan. I am wondering if it’s a good idea to loan money to him. I am afraid it could ruin our relationship, and I would forever be scrutinizing the way he spends his money. I am also afraid he would not pay me back. What are your thoughts?”

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